Ohio Rev. Code § 1309.605

Current with legislation from 2024 received as of August 15, 2024.

Section 1309.605 - Unknown debtor or secondary obligor - UCC 9-605

A secured party does not owe a duty based on its status as secured party:

(A) To a person who is a debtor or obligor, unless the secured party knows:

(1) That the person is a debtor or obligor;

(2) The identity of the person; and

(3) How to communicate with the person; or

(B) To a secured party or lienholder who has filed a financing statement against a person, unless the secured party knows:

(1) That the person is a debtor; and

(2) The identity of the person.

R.C. §1309.605

Effective Date: 7/1/2001 .